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WALTREE LTD. v. ING FURMAN SELZ LLC

No. 99 CIV 9935 SAS.

97 F.Supp.2d 464 (2000)

WALTREE LIMITED, Plaintiff, v. ING FURMAN SELZ LLC, ING Bank N.V. and Stuart Kasdin, Defendants.

United States District Court, S.D. New York.

May 10, 2000.

Attorney(s) appearing for the Case

Amy W. Schulman, Rita C. Burghardt, Piper, Marbury Rudnick & Wolfe L.L.P., New York City, for plaintiff.

Peter E. Calamari, David E. Mollon, Winston & Strawn, New York City, for defendants.

MEMORANDUM OPINION & ORDER

SCHEINDLIN, District Judge.

This is a securities fraud action in which plaintiff Waltree Limited ("Waltree") alleges that defendants ING Barings LLC ("ING Barings")1, ING Bank N.V. ("ING Bank") and Stuart Kasdin fraudulently induced it to purchase certain high-yield debt instruments in violation of section 10(b) of the Securities Exchange Act of 1934 (the "Exchange Act"), 15 U.S.C. §...

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